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![]() "Mike Coslo" wrote I'm not talking about overall economics, Hans. I'm talking about the US importing a large percentage of its oil needs. We import a large percentage of a lot of stuff, both raw material and finished goods. Coffee. Rubber. Titanium. Tin. Wolfram. Textiles. Clothing. And, yes, even oil. We also export to other countries a large percentage of their needs. Food (wheat/soy/corn/meat/dairy products). Lumber. Technology. Education. Medicine. If you had to choose between fuel for some Escalade luvvin momma, and the fuel for say our military to train with, who would ya choose? I could ask a corresponding patronizing question about any of the other goods I mentioned. The point is that individuals here don't make that choice about oil any more than a citizen of Japan makes that choice about lumber when they want to build a new home. If the cost of oil goes too high, then Escalades will fall from favor and be replaced by and Vegas and Pintos. If the price of lumber gets too high, Japanese homes will be built from compressed rice straw or some other material. Has nothing to do with patriotism. Has to do with simple economics. Look at the big picture. I do. 73, de Hans, K0HB |
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